Fidelity Bank Plc has reported a strong financial performance for the 2025 financial year, with gross earnings rising by 45 percent to N1.5 trillion, up from N1.04 trillion recorded in 2024.
According to the bank’s audited financial statements for the year ended December 31, 2025, the lender also achieved a major milestone as shareholders’ funds surpassed the N1 trillion mark, driven by balance sheet expansion and fresh capital injection.
Net interest income climbed to N831.3 billion from N629.7 billion in 2024, reflecting stronger earnings capacity amid higher interest rates and growth in interest-earning assets. Interest and similar income calculated using the effective interest rate rose by 38.7 percent to N1.11 trillion, while other interest income increased by 25.1 percent to N184.51 billion.
The bank also recorded a significant improvement in credit quality. Net interest income after credit losses increased by 41.2 percent to N809.74 billion, while credit loss expenses declined sharply by 61.7 percent to N21.61 billion from N56.44 billion recorded in the previous year.
Fidelity Bank maintained strong momentum in its digital banking operations and customer-focused services. Fee and commission income grew by 44.7 percent to N113.36 billion, supported by increased earnings from letters of credit commissions, ATM transaction fees, account maintenance charges, foreign bills commissions, and e-banking activities.
Other operating income rose by 200.5 percent to N8.24 billion, while foreign currency revaluation gains surged by nearly 750 percent to N99.58 billion, compared to N11.72 billion in 2024.
The bank also expanded its investment portfolio significantly during the year. Debt instruments measured at fair value through other comprehensive income increased by 199 percent to N557.78 billion, while debt instruments at amortised cost rose to N1.97 trillion.
Nigeria’s banking sector continues to expand as Fidelity Bank records sharp growth across earnings, deposits, and total assets in 2025.
The lender’s stronger capital base could unlock bigger transactions and regional growth ambitions.
On the balance sheet side, cash and cash equivalents jumped by 87 percent to N1.32 trillion, highlighting stronger liquidity levels. Investments in property, plant, and equipment increased by 161.6 percent, while intangible assets rose by 147.5 percent, reflecting continued investment in technology and operational infrastructure.
Customer deposits also grew steadily by 16.1 percent to N6.89 trillion, reinforcing sustained customer confidence in the bank’s operations.
Total assets increased by 18.6 percent to N10.46 trillion from N8.82 trillion in 2024. Meanwhile, total equity rose by 21.1 percent to N1.09 trillion, pushing shareholders’ funds above the N1 trillion threshold for the first time in the bank’s history.
The bank disclosed that it completed a private placement of 12.9 billion ordinary shares in December 2025, raising fresh capital that lifted eligible capital to N532.6 billion — above the Central Bank of Nigeria minimum requirement of N500 billion for banks with international authorisation.
The stronger capital base is expected to position Fidelity Bank for larger transactions, expanded lending activities, and future regional growth opportunities.